Home News Volume of retail trade up by 0.3% in both the euro area...

Volume of retail trade up by 0.3% in both the euro area and the EU in January 2023

195
0

In January 2023, the seasonally adjusted volume of retail trade increased by 0.3% in both the euro area and the EU, compared with December 2022, according to estimates from Eurostat, the statistical office of the European Union. In December 2022, the retail trade volume decreased by 1.7% in the euro area and by 1.6% in the EU.

In January 2023 compared with January 2022, the calendar adjusted retail sales index decreased by 2.3% in the euro area and by 2.2% in the EU.

Monthly comparison by retail sector and by Member State

In the euro area in January 2023, compared with December 2022, the volume of retail trade increased by 1.8% for food, drinks and tobacco and by 0.8% for non-food products, while it decreased by 1.5% for automotive fuels.

In the EU, the volume of retail trade increased by 1.8% for food, drinks and tobacco and by 1.1% for non-food products, while it decreased by 2.1% for automotive fuels.

Among Member States for which data are available, the highest monthly increases in the total retail trade volume were registered in the Netherlands (+4.9%), Luxembourg (+4.6%) and Slovenia (+4.1%). The largest decreases
were observed in Austria (-9.8%), Slovakia (-1.4%) and Hungary (-0.6%).

Annual comparison by retail sector and by Member State

In the euro area in January 2023, compared with January 2022, the volume of retail trade decreased by 5.0% for food, drinks and tobacco and by 1.0% for non-food products, while it grew by 5.4% for automotive fuels.
In the EU, the retail trade volume decreased by 4.7% for food, drinks and tobacco and by 1.0% for non-food products, while it grew by 5.6% for automotive fuels.

Among Member States for which data are available, the largest yearly decreases in the total retail trade volume were registered in Belgium (-8.9%), Germany (-6.8%), Denmark and Sweden (both -5.8%). The highest increases were observed in Slovenia (+18.5%), Romania (+5.8%) and Malta (+5.7%).


Source: Eurostat
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.


Previous articleMinimum monthly real loss rate was realized in deposit interest in Türkiye
Next articleIn January, industrial production in Spain decreased

LEAVE A REPLY

Please enter your comment!
Please enter your name here